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Lockheed Martin Pension Window: What You Need to Know

Sep 27, 2023 11:48:05 AM
written by The Retirement Group

Lockheed Martin has provided employees and retirees with the option to receive a lump-sum payment. The corporation has decided to transfer its pension obligations to Athene Holdings Ltd., an insurance provider. This has sparked critical discussions and questions regarding the future of retirement security for those who have devoted their careers to the company. Athene assumes a crucial role in protecting the financial futures of Lockheed Martin employees and retirees.

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posted in Financial Planning, Lump Sum, Pension, Lockheed Martin, 2023

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Information regarding the lump-sum payout may or may not apply to specific employees based on factors such as mergers, acquisitions, years of service, age, or the date an employee was hired.